Late entrepreneur's Spanish island estate hits market for whopping $78M

Published On Oct 19, 2024, 9:00 AM

The article reports that the estate of late entrepreneur Rainer Schaller has been put on the market for approximately $78.3 million on the Spanish island of Mallorca. Schaller was the founder of RSG Group, which owns fitness brands like Gold's Gym. The estate encompasses 10 hectares and includes several luxury amenities such as a primary villa, guest housing, a relaxation spa, an infinity pool, and a sports court. The listing emphasizes the unique nature and craftsmanship of the property, suggesting limited negotiation on the price due to its rarity.

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The sale of the estate could attract wealthy buyers interested in luxury real estate, potentially boosting local real estate markets in Mallorca. However, the niche market for high-end properties might not significantly impact larger public companies.

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